Rexchip Electronics has posted net profits of NT$9.09 billion (US$284.06 million), or an EPS of NT$3.09, for the first half of 2010, making it the most profitable among Taiwan's DRAM chipmakers.
Rexchip is set to convert all of its production capacity to Elpida Memory's 63nm process in the third quarter, according to company president Stephen Chen. The ramp-up will allow its bit shipments to grow 20% on quarter.
Chen also noted that Rexchip plans to kick off mass production using Elpida's 45nm technology in the fourth quarter. The technology transition is expected to bring in a solid contribution to Rexchip's profitability during the first quarter of 2011.
Chen estimated Rexchip's bit shipment growth for the second half of 2010 at 20-25% sequentially.
In addition, Rexchip is sticking to its plans to apply for listing on the Taiwan Stock Exchange (TSE) by the end of 2010, according to Chen. The company is currently traded on the Emerging Stock Board (ESB).
Rexchip is a DRAM-manufacturing joint venture between Japan's Elpida and Taiwan-based Powerchip Technology. Elpida now holds a 64% stake in the JV.